LEASES (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Lease Cost

The components of lease expense for the three and six months ended June 30, 2020 and 2019 were as follows (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Operating lease costs	$	172	166		$	347	$	323
Finance lease costs:
Amortization of assets	20		18		38		37
Interest on lease liabilities	5		4		10		9
Total finance lease costs	25		22		48		46
Variable lease costs	55		31		113		79
Short-term lease costs	253		209		456		439
Total lease costs	$	505	$	428	$	964	$	887

Supplemental cash flow information related to leases is as follows (in millions):

	Six Months Ended June 30,
	2020		2019
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases	$	338	$	311
Operating cash flows from finance leases	10		9
Financing cash flows from finance leases	33		85
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	403	$	56
Finance leases	49		3

Supplemental Balance Sheet

Supplemental information related to leases and location within our consolidated balance sheets are as follows (in millions, except lease term and discount rate):

	June 30, 2020			December 31, 2019
Operating Leases:
Operating lease right-of-use assets	$	2,998		$	2,856
Current maturities of operating leases	$	534		$	538
Non-current operating leases	2,463			2,391
Total operating lease liabilities	$	2,997		$	2,929
Finance Leases:
Property, plant and equipment, net	$	1,403		$	1,502
Current maturities of long-term debt, commercial paper and finance leases	$	183		$	181
Long-term debt and finance leases	332			317
Total finance lease liabilities	$	515		$	498
Weighted average remaining lease term (in years):
Operating leases	9.6			9.7
Finance leases	8.2			8.9
Weighted average discount rate:
Operating leases	2.76		%	2.78		%
Finance leases	3.81		%	4.03		%

Operating Leases Maturity Schedule

Maturities of lease liabilities as of June 30, 2020 are as follows (in millions):

	Finance Leases		Operating Leases
2020	$	168	$	299
2021	60		596
2022	55		506
2023	44		411
2024	36		300
Thereafter	259		1,420
Total lease payments	622		3,532
Less: Imputed interest	(107)		(535)
Total lease obligations	515		2,997
Less: Current obligations	(183)		(534)
Long-term lease obligations	$	332	$	2,463

Finance Leases Maturity Schedule

Maturities of lease liabilities as of June 30, 2020 are as follows (in millions):

	Finance Leases		Operating Leases
2020	$	168	$	299
2021	60		596
2022	55		506
2023	44		411
2024	36		300
Thereafter	259		1,420
Total lease payments	622		3,532
Less: Imputed interest	(107)		(535)
Total lease obligations	515		2,997
Less: Current obligations	(183)		(534)
Long-term lease obligations	$	332	$	2,463